OPEC nations are bearing the burden of the market-share loss unevenly.
Read More »Mitsui Invest in LNG Project in Arctic Ocean off Russia
LNG production from the project is slated to start around 2023 with an annual capacity of 19.8 million tons.
Read More »Iran`s Oil Minister Meets with OPEC President in Vienna
Iran had no problem with output cut. slamming ".unilateralism". as the biggest problem in the Organization.
Read More »Japan will Invest about $3 bln in Russia`s Arctic LNG 2 Project
The Arctic LNG 2 is the second LNG project of Russian independent gas producer Novatek after Yamal LNG.
Read More »Russia. Saudi OPEC+ Extension Pact will Help Stabilize Oil Market
Russia agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output.
Read More »Russia. OPEC will Support Oil Prices
The deal removed 1.2 million barrels a day of OPEC+ production. helping to send oil prices higher.
Read More »Nord Stream 2 Takes Alternative Route amid Danish Stalling
The pipeline is past the point of no return.
Read More »G20 Meeting may Offer more Clarity for OPEC. Non-OPEC
China and India are among the world’s top oil consumers while Russia supplies oil to both of those nations.
Read More »US-Iran Tension to Overshadow G20 Summit in Japan
Many G20 members have a stake in the outcome of the meeting because the row has disrupted global supply chains.
Read More »Russia Squeezing Embattled Venezuela for Tax-Free Gas Expansion
Russia’s state-controlled oil giant. Rosneft PJSC. is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap. a potential headache for the U.S. and Europe.
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